EURUSD analysis for 06.09.2016

EURUSD is getting weak due to the Non Farm Payroll report. The support rests at 1.11310 with resistance at 1.11650 which both lines are below the weekly pivot point at 1.11750. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is going up towards the 50 area, the Stochastic is moving on its minimum rate and the MACD indicator is in negative territory heading down. Short positions are recommended targeting the support area.

https://fxglory.com/eurusd-analysis-for-06-09-2016/